When Can Waffle House Raise its Prices?
An earlier version of this article appeared at Economic Forces. The dumbest economics discussion over the past few years — and that’s a high bar — has to go to…
Finance
126 posts
Money and Inflation Are Still Related
“There is perhaps no empirical regularity among economic phenomena that is based on so much evidence, for so wide a range of circumstances,” Milton Friedman observed in 1989, “as the…
A Review of Wynton Marsalis’s Moving to Higher Ground
The artistic and creative personae of a performer or composer is a manifestation of his entire life experience, everything that he has listened to, and his basic constitution, and his…
Monetary Policy and that Old-Time Fiscal Religion
The ongoing debt-ceiling debate has brought concerns about the sustainability of US fiscal policy to the forefront of public discussion once again. While it may be tempting to blame current…
Do Not Tarry In Eliminating Tariffs and Other Protectionist Measures
In my previous column I identified some illiberal policies that, although I wish these had never been put into place, I’d not now eliminate immediately with the push of a…
When It Comes to Big Tech and Monopoly Power: Patience is a Virtue, Antitrust is a Vice
At the start of 2023, many in the tech sector and the venture capital world were coming to terms with lost money due to the hyper-growth strategies they’d employed over…
Economic Development Deals Are a Curse, Not a Blessing
As states periodically consider renewing and increasing economic development incentives, they would do well to consider the problem of the Winner’s Curse. The Winner’s Curse is a common result of…
DC’s Dim-Witted Lightbulb Moment
Though he’s best known for his powerful metaphor of “the invisible hand,” philosopher and proto-economist Adam Smith saw a role for government in setting market conditions. The founding father of…
Words & Numbers: Peter C. Earle On The Death of Silicon Valley Bank
Peter C. Earle, AIER Research Faculty and former Wall Street trader, joins AIER Senior Editor James Harrigan and Antony Davies on the Words & Numbers podcast to talk about what…
Fed Raises Rate, But Signals Potential Pause in May
The Federal Open Market Committee (FOMC) moved forward with an anticipated 25-basis-point increase in its federal funds rate target on Wednesday. It no longer, however, “anticipates that ongoing increases in…